SPICES MARKET UPDATE 15th JUNE 2019
PEPPER:
Vietnam: Regarding to customs, Vietnam exported 148,515 tons of pepper, including 133,273 tons of black pepper and 15,242 tons of white pepper. Total export turnover reached 386.5 million USD. Compared to the same period of 2018, export volume increased by 34.8%, equivalent to 38,376 tons. The average export price of black pepper in the first 5 months of 2019 reached 2,537 USD/ton, white pepper reached 3,176 USD/ton. Compared to the same period of 2018, the export price of black pepper decreased by 23.1%, white pepper decreased by 36.7%.
China imported in the first 5 months of 2019 reached 36,038 tons, equivalent for 24.3% of total pepper export of Vietnam, increase of 128.4%, equivalent to 20,259 tons over the same period in 2018.
USA with 22,735 tons roughly 15.3%, increasing 3,893 tons. Markets with the next largest increase quantity as: Ireland increased 1,855 tons, India increased 1,563 tons, Germany increased 1,561 tons, Iran increased 1,417 tons, Nepal increased 1,396 tons, United Arab increased 1,112 tons, ...
Market increasing and limited offer in bulk from farmer/middleman. Chines has been buying White pepper significantly beside exporters covering raw material for June shipment. Even crop size 2019 of Vietnam is huge number 300.000 metric tons at least (our source and our opinion) but covered stock for June/July/Aug always recommendation even Indonesia crop is coming (June we foreseen total quantity export around 30 - 33k tons and first 6 months will be reaching roughly 180k metric tons). Vietnam currency suddenly stronger than USD, out of Vietnam Pepper exporters’ expectation.
Brazil: Offer still available to the market but limited and only further shipment. Vietnam/Indonesia only under high pressure when Para start for harvesting during Aug/Sept.
Mr. Hien
Website: www.ptexim.com.vn
PEPPER:
Vietnam: Regarding to customs, Vietnam exported 148,515 tons of pepper, including 133,273 tons of black pepper and 15,242 tons of white pepper. Total export turnover reached 386.5 million USD. Compared to the same period of 2018, export volume increased by 34.8%, equivalent to 38,376 tons. The average export price of black pepper in the first 5 months of 2019 reached 2,537 USD/ton, white pepper reached 3,176 USD/ton. Compared to the same period of 2018, the export price of black pepper decreased by 23.1%, white pepper decreased by 36.7%.
China imported in the first 5 months of 2019 reached 36,038 tons, equivalent for 24.3% of total pepper export of Vietnam, increase of 128.4%, equivalent to 20,259 tons over the same period in 2018.
USA with 22,735 tons roughly 15.3%, increasing 3,893 tons. Markets with the next largest increase quantity as: Ireland increased 1,855 tons, India increased 1,563 tons, Germany increased 1,561 tons, Iran increased 1,417 tons, Nepal increased 1,396 tons, United Arab increased 1,112 tons, ...
Market increasing and limited offer in bulk from farmer/middleman. Chines has been buying White pepper significantly beside exporters covering raw material for June shipment. Even crop size 2019 of Vietnam is huge number 300.000 metric tons at least (our source and our opinion) but covered stock for June/July/Aug always recommendation even Indonesia crop is coming (June we foreseen total quantity export around 30 - 33k tons and first 6 months will be reaching roughly 180k metric tons). Vietnam currency suddenly stronger than USD, out of Vietnam Pepper exporters’ expectation.
Brazil: Offer still available to the market but limited and only further shipment. Vietnam/Indonesia only under high pressure when Para start for harvesting during Aug/Sept.
Mr. Hien
Website: www.ptexim.com.vn
https://www.facebook.com/peppertrade.diffusion
Posts
No comments:
Post a Comment